Adjust The Data by Scott Adams https://dilbert.com/strip/2019-02-20 … via @Dilbert_Daily
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Can confirm. I got a bank loan once

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As long as the proper insurance policies are in place, banks will not worry about any particular disaster. If risk of harm scared banks, no place in hurricane country would ever get a mortgage.
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Another reason bad loans happen is the law of averages. Their business model does not try to prevent a single bad loan from ever happening. It is to manage risk to maximize profits. If one in ten of a tranche goes bad, but the other 9 more than make up for it, risk/reward is +
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In the small scale sure but the whole industry? I mean as someone in the construction industry - banks and insurance companies will be ultra conservative to not get screwed so they won’t insure bad practice. Think Chicago Fire & ramifications on fire protection reqmnts
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Having said all that - as we saw with Fannie Mae and Freddie Mac - if some force (govt) forces them to write bad loans then they’ll have to find a way out of it or they’ll end up slitting their own throat in time right?
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